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26-Suite Office Units
For Lease
$6,250/Mo

100 1st Avenue NE ##116, Cedar Rapids, IA 52401

Two levels offer flexible office layouts, shared conference rooms, a kitchenette, and dedicated IT storage.

Space SizeContact for details
Days on Market774

Property Features for 100 1st Avenue NE ##116

General Information

Standard status Active
Net Rentable 8,508 SF
Total Parking Spaces 8
Zoning Comm
Lease Type Gross

Space & Availability

Divisible Yes
Space Use Office
Condition Turnkey

Lease Terms

Lease Rate $75,000 /YR
Monthly Rent $6,250
Rent per SF/Year $8.82

Additional Details

Road Access Yes

Taxes and HOA fees

Annual Taxes $6,047

Amenities

oversized windows
open concept areas
conference rooms
kitchenette
storage room for IT purposes
signage opportunity
curbside parking
covered parade
North and South public entrance
private frontage road access

Building Details

Year Built 1974
Stories 2
Listing Agency: Skogman Realty Co.
Listed By: Heather Morris · License #B34461000
Source: Kalonarealty
Added: Sep 12, 2024 Changed: Oct 24 Last Checked: Oct 24 at 3:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skogman Realty Co.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

Cedar River Tower offers office units across its main and lower floors, with 13 suites on each level. The space includes oversized windows, open areas, conference rooms, a kitchenette, and a storage room for IT use. Three stairways connect the floors, and public entrances are located on the north and south sides. The floors may be leased separately or together, with the layout configurable to the selected space.

Access includes a private frontage road. Parking consists of eight covered spaces, with 28 additional spaces available to lease. Curbside parking is also available along the frontage road. Exterior building signage is an additional feature of the property.

Key Highlights

  • 26 private suites across two floors, with 13 on each level
  • Three stairways connect the main and lower floors
  • Oversized windows, open areas, conference rooms, kitchenette, and IT storage

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Storage Facility Grocery & Convenience Store Big Box & Wholesale Store Barber Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
NNN (Triple Net)
Lease Type
$1.32 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,914
Businesses Nearby

Demographics for 52401, IA

2,320
Population
1,480
Households
1.6
Avg Household Size
35
Median Age
35%
College-Educated
89%
High-School Grad
1.2 sq mi
ZIP Area
1,933
Density / Sq Mi
$40,675
Median Household Income
$38,635
Median Earnings
$783
Median Rent
$143,800
Median Home Value

Market

Lease Benchmarks for Cedar Rapids, IA

$12.43 /SF/Yr
Avg Asking Price
$0.99–$25 /SF/Yr
Price Range
39,313 SF
Avg Space Size

This space is priced 29% below the average of $12.43 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Frequently Asked Questions

What type of property is this?
Office unit - Two levels offer flexible office layouts, shared conference rooms, a kitchenette, and dedicated IT storage.
Where is this office unit located?
The property is located at 100 1st Avenue NE ##116 Cedar Rapids, IA.
What is the lease rate?
The lease rate is $6,250/Mo.
What are key features of this property?
This property features: 26 private suites across two floors, with 13 on each level; Three stairways connect the main and lower floors; Oversized windows, open areas, conference rooms, kitchenette, and IT storage
More about this property
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